Equity AUM rise even as Sensex yo-yos in January, shows data

Assets under management (AUM) of key equity scheme categories rose even as the US Federal Reserve’s hawkish turn sent volatility soaring.

The benchmark Sensex yo-yoed over 5,000 points, or 9 per cent during the month. The index during the first half of the month rose more than 5 per cent and then plunged 8 per cent from the month’s high, only to rebound later. The gyrations were even steeper in the broader market.

Typically, such high volatility leads to panic among retail investors. However, that was not to be seen as most equity schemes saw their assets swell.

The ‘large and mid-cap’ category